Consequent to the Bank of Jamaica (BOJ) (Amendment) Act of 2020 giving the bank greater autonomy coming into effect on Friday (April 16), Finance Minister Dr Nigel Clarke has named a new board to guide Jamaica’s banking regulator.

The new board is chaired by BOJ Governor, Richard Byles, who will govern alongside his deputy, Dr Wayne Robinson, Senior BOJ Deputy Governor. They both will act as ex-officio members on the board. 

The other members are Dr Christine Clarke, Andrea Coy, Gary “Butch” Hendrickson, Howard Mitchell and Richard Powell. Also included on the board as an ex-officio member, will be a Deputy Governor appointed to the board by the Governor-General in Council on the recommendation of the board. 

The finance minister also named the membership of the Monetary Policy Committee and the Financial Policy Committee.

The membership are as follows:

Monetary Policy Committee
Richard Byles, Chairman (ex-officio member)
Dr Wayne Robinson, Senior Deputy Governor (ex-officio member)
Dr Nadine McCloud
David Marston

Included also, as an ex-officio member, will be another senior executive of the bank appointed by the board. This appointment is to be made.

Financial Policy Committee
Richard Byles, Chairman (ex-officio member)
Dr Wayne Robinson, Senior Deputy Governor (ex-officio member)
Maurene Simms, Deputy Supervisor (ex-officio member)
Myrtle Halsall
Professor David Tennant

Included also, as an ex-officio member, will be another senior executive of the bank determined by the board. This appointment is to be made.